St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-24
MARKET.
On the Chicago Board of Trade Specula-
tive Dealings We're Very Slow in
All the Pits.
The Dealing in Wheat Was Light, but the
Temper Was Stronger During the
Session.
Gables Were Steady, and the Amount
OF Grain on Ocean Passage In
creased.
Transactions in the Financial Circles
of Wall Street--General Quo
tatfonS.
Special to the Globe.

CHICAGO, March 23.-There was but little
excit ement or trading ON change to-day. The
Hrst advance in wheat was worked in this
market by California crop news. That was
that the coast had had no rain at all for about
sixty days. and it had begun to be thought
that everything was being dried up out
there. On that core wheat for May was put
cents above the present prices But there
came little melting down, and the California
crops were altogether forgotten, and the
wheat markets were run on altogether an
other issue. Now the California crop is being
talked of again. May wheat was advanced
at the opening to-day on the revival of the
dry weather talk of sixty days ago. The
wires last night were still in bad condition.
and New York was practically cut OFT. But
the cable was got through, and it was little
bulliSh. The provision pit is being enlivened
by the operations in lara and ribs. Hogs Mt
the yards are fewer and higher, and May
short ribs as Il consequence were started OF
at SS.l5.
LARD WAS STRONG.
Provisions are undoubtedly Il little affected
by the attempt which Is being made now to
make summer-packed pork Irregular" There
is no real reason why this move should affect
the market, unless it is that another ready
collateral for cash would be good deal
affected 1t is, however, one of those moves
TO make the bull side harder and the bear
reason it lust little affects the tone. The
attempt will probably be defeated. In corn
the prices was moved up to 40c for May on a
little covering by some of the shorts,
The big shorts, Ream and Jones
did not make any open effort TO buy in their
corn. If they had, there would have been
quite a rushing up of prices, but still the
crowd knows that there is a big short interest
out and the receipts are somewhat smaller
than the eXtravagart bears predicted. But
hos,
the shorts hoped, there are still over 100000
bushels of corn III store here, with great lot
of country corn certain to arrive in the next
sixty days. May corn year ago was $500
for May, with the receipts not much bigger
and with the stccS in store not much more
than half the present one.
THE ROUTINE REPORT.
CHICAGO, March 23.-Speculation was very
slow in all the pits to-day. The trading in
wheat was light, but the temper was lit.:e
stronger during most of the session. The
San Francisco market was stronger on re-
ported damage to the California crop by
2routh, aud cables were steady. The market
opened strong ut 81 &c for May, advanced TO
S15Ec, but fell back to Size and closed in the
latest trading at inside figures. The quantity
Of wheat on ocean passage increased 100000
bushels. The receipts in the Northwest were
smaller. There was stronger demand for
corn and May delivery, which opened at
395sc, advanced to 40c under good demand
but fell back again and closed at about OPEN
ing figures. The receipts continue to be fairly
large. Oats were slow and practically IN
changed Mess pork was unchanged. Lard
fell off l0c per 100 b early under free Offer
ings, and closed at inside figures Short ribs
opened 5@71ac higher. but broke off 250271ac
and closed easy.
THE QUOTATIONS.
The leading futures ranged rs follows:
Wheat-No. 2, March. opened at 1870, closing
GT ~ "a hnJr nj lt n.
June, SO1ac, closing at SO14@sOasc; July, SO14c,
closing at S0@S01sc. Corn-No. 2. March,
3414c, closing at 341ac; May, 1880 closing at
4O%c; June, 4014c, closing at 4O1%c:
July. Al sc, closing at 41ac. Oats-No. 2,
March, 241sc, closing at 24c; May, 2s7sc, clos
ing at 2S7s @29c; June, 29c, closing at 29c.
Mess pork per barrel-March, $40. so, closing
at $1,000; May, ST., closing at SCI; June,
81, closing at 81. Lard, per 100 pounds
March, ST.421a, closing at $3.50: May,
$50, closing at $T.311; June, S7.57h, clos
ing at $1.473. Short ribs per 100 pou nds-
March, $500, closing at $7.75; May, $S.15, clos
ing at S1.S71a; June $500, closing at $7.92%.
Cash quotations were as follows: Flour, dull
and unchanged. Whear-No. 2 spring, 1880
7S1sc; No.3 spring. nominal; No. red, nominal
'Rye-No 2, SAGE. Barley-No.2 50Rc. Flax
seed, No. /, S1OS15. Timothy seed, prime,
.Sl.79Gl.So. Mess pork, per Dbl, $50.
Lard, per 100 lbs, $50. Short ribs, sides,
loose, Si-i5; dry sailed shoulders, boxed,
S60625; short clear sides. boxed, SS.20@S.25
Whisky, dlstilers finished goods, per GAL
Sl.lS. Sugars-Cut loaf, 6L@65sc; gran
uated, &c; standard A, $3.50. Re-
ceipts-Flour, $4,000 bbls; wheat, ST.
600 blu: corn, .OOc bu: oats, 22O, 900 blu;
rye 5000 blu; barley, 80 600 bu. Shipments
Flour, $4,000 bbls; wheat, $4,000 bu: corn.
.1l2,000 blu: oats. $4,000 blu: rye, none;
barley, $4,000 blu. On the produce exchange
to-day the butter market was easier: cream
cry, 2412G3Oc per ID; dairy, 2211a@27c. Eggs,
11IL01of. nor 6oz